One has to invite; at what factor does it cost extra to catch the criminals than it is really worth to the general public. After the fall apart of Lehman Brothers, the shot that changed into heard spherical the world and signaled the proper extent of the worldwide economic disaster and fiasco; traders, governments, and citizens round the arena demanded answers. As you understand Lehman Brothers filed financial disaster without the bailout they wanted, and then the investigations and the digging into all their accounting commenced.
The authorities desired to get to the bottom of all of it, the SEC was charged with identifying exactly where all the money went, and what happened. There turned into an thrilling article on this topic in the Wall Street Journal on November 24, 2010 titled “Lehman expenses hit $1 billion and counting” with the aid of Liz Moyer. The article states that “Law companies, experts, and different advisers still unwinding the securities company’s operations have now been paid a total of $1.02 billion, according to an SEC securities submitting.”
Can you believe the outrage that in financial ruin the organization spent $1 billion that could have paid returned to the buyers and Lehman lenders? Instead that cash went to law corporations and lawyers, specialists and advisers – gee whiz, I’d certain want to be an guide to assist discover where all the cash went. And one has to invite if we think the attorneys, experts, and advisers surely care where the money went, in any case they are getting what’s left, in my view this is not anything extra than an abomination.
At a few point, one has to invite; why have not they caught the culprits who glaringly had violated a few criminal laws by way of creating phony organizations, and hiding their rechtsanwalt freiburg losses in a similar fashion to Enron before its fall apart. If it takes $1 billion to get to the bottom of this entire mess to discover who did what, then which means it can fee big and extensive amount of monies in courtroom to prosecute those that assume can also had been responsible.
Further, if it takes this many consultants, and legal professionals to determine it all out, how on the earth is a jury going to recognize all the links between all of the gamers, and paperwork to get a conviction. It seems we’ve a problem with our criminal justice gadget, and that is a case study for criminal regulation students with a purpose to be studied for generations to come. One has to additionally ask if the SEC and the federal authorities are doing the proper aspect on this rely.
Indeed, I bet we’re going to simply should wait until a book comes out in which they describe it all, however I’m sure it will be at least one thousand pages, and I’m now not even positive if I’d apprehend it if I examine the whole thing, or maybe if the author who writes it will understand where all of the cash went, how the cash turned into hidden, or what honestly befell at Lehman Brothers. Indeed it also makes us surprise what’s taking place at all the other large investment banking firms, what are they up to, and what did they do incorrect? Please keep in mind all this.